Who Benefits When Money Printers Go Brrr? The 1% of Americans Whose Wealth Has Increased by $12T in 2 Years.
Inequality continues to grow, and this could result in a worst-case scenario.
Since the beginning of the COVID-19 pandemic, the central banks of the major economies have been printing fiat money out of thin air. So much so that the flaws of the current monetary and financial system have been highlighted as never before.
As the central bank of the world's largest economy, the Fed has led this trend. Some might ask who has benefited…
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